IFSC Code of Axis Bank, Taroda Naka, Nanded Branch, Maharashtra

Use this page as a one-stop reference for everything related to Axis Bank's TARODA NAKA, NANDED branch in TARODA KHURD, MAHARASHTRA. The branch's IFSC code UTIB0001371 is the key identifier you need whenever a remitter, employer or biller asks for a bank routing number to send funds to an account held at this branch. We have also included the branch's postal address, telephone number, banking hours, common services, and an extensive FAQ block that should answer almost every question that comes up when you are about to add this branch as a beneficiary in your net-banking app for the first time.

The Indian Financial System Code, popularly known as IFSC, is an 11-digit alphanumeric code that the RBI assigns to every bank branch participating in online interbank settlement. Without this code, an electronic transfer simply cannot reach its destination branch.

The IFSC for Axis Bank – TARODA NAKA, NANDED is UTIB0001371. The first four letters UTIB are the bank's identifier, the fifth digit is reserved as 0, and the trailing six characters 001371 map to this branch in TARODA KHURD, MAHARASHTRA.

Branch details at a glance

Bank profile

Axis Bank is among the recognised banks listed on the Reserve Bank of India's payments network. The Taroda Naka, Nanded branch — IFSC UTIB0001371 — extends the bank's services to customers in and around Taroda Khurd, Maharashtra.

Taroda Naka, Nanded branch overview

Located at GROUND FLOOR, MILLENNIUM TOWER - B,NANDED MALEGAON ROAD, NEAR TARODA NAKA, NANDED,MAHARASHTRA , PIN431605., the Taroda Naka, Nanded branch handles regular banking operations such as account opening, fixed and recurring deposits, locker facilities, loans, and trade finance services where applicable. The IFSC UTIB0001371 is required for all interbank electronic transfers routed through this branch.

The role of IFSC in India's payments network

India's electronic payment infrastructure — NEFT, RTGS, IMPS, UPI and the National Automated Clearing House (NACH) — is built on a single principle: every participating bank branch must be uniquely identifiable by an alphanumeric code. The Reserve Bank of India introduced the IFSC system to fulfil this requirement, and that is how Axis Bank's TARODA NAKA, NANDED branch came to be assigned the code UTIB0001371.

Whether you are receiving a salary on the first of the month, paying a vendor invoice, settling an EMI, or accepting a refund from an e-commerce platform, the IFSC is the silent piece of metadata that tells the network where your account lives. Without IFSC UTIB0001371, money simply cannot be routed to the TARODA NAKA, NANDED branch electronically.

How to transfer money using IFSC UTIB0001371

Online transfers in India are powered by three major channels — NEFT, RTGS and IMPS — and each one requires a destination IFSC. Below is a quick guide for using IFSC UTIB0001371 across all three.

NEFT to Axis Bank, TARODA NAKA, NANDED using IFSC UTIB0001371

National Electronic Funds Transfer is the simplest way to move money into an account at this branch. NEFT works around the clock, including Sundays and public holidays, and settles in half-hourly batches.

To send funds, add the recipient as a beneficiary in your bank's online portal, key in the account number, paste the IFSC UTIB0001371, and confirm that the system picks up Axis Bank – TARODA NAKA, NANDED. Submit the transfer request, authenticate with OTP, and the amount will reach the beneficiary in the next clearing cycle.

RTGS transfers via IFSC UTIB0001371

RTGS (Real-Time Gross Settlement) is the fastest high-value transfer mechanism in India. It is meant for transfers of ₹2 lakh and above and settles each transaction individually and instantly. To remit through RTGS to Axis Bank – TARODA NAKA, NANDED, ensure your bank's portal accepts IFSC UTIB0001371 while registering the beneficiary. RTGS is also available 24x7.

IMPS to Axis Bank TARODA NAKA, NANDED (IFSC UTIB0001371)

IMPS (Immediate Payment Service) offers instant, 24x7 fund transfers up to ₹5 lakh per transaction. Provide the beneficiary's account number along with IFSC UTIB0001371 in your mobile or internet banking app, and the money is credited to the TARODA NAKA, NANDED branch account within seconds.

Comparing NEFT, RTGS and IMPS for transfers to Taroda Naka, Nanded

The right transfer rail depends on how urgent the payment is, how large it is, and whether the receiving bank participates in the chosen scheme. Every option below works with the IFSC UTIB0001371:

• NEFT — best for everyday transfers of any amount; settles in half-hourly batches around the clock.
• RTGS — best for transfers of ₹2 lakh and above; settles each transaction individually in real time.
• IMPS — best when speed matters more than batch scheduling; instant credit up to ₹5 lakh.
• UPI — best for small peer-to-peer payments using a VPA; the underlying account at TARODA NAKA, NANDED is still linked to IFSC UTIB0001371.

For salary credits, vendor payouts and refunds, employers and merchants usually default to NEFT because of its zero per-transaction cost for retail customers and its 24x7 availability.

How UPI relates to the IFSC code

UPI lets you pay using a short Virtual Payment Address instead of typing the IFSC every time, but behind the scenes every UPI mandate is mapped to an account number plus an IFSC. For accounts at Axis Bank's TARODA NAKA, NANDED branch, the IFSC UTIB0001371 is what the National Payments Corporation of India (NPCI) uses to route the credit when you tap Pay on a UPI app.

That is why, even in the UPI era, it is still worth knowing the IFSC of your home branch — for failed UPI mandates, e-mandate set-ups, third-party platform onboarding and salary or refund credits.

Products and account variants supported

Every account opened at the Taroda Naka, Nanded branch is mapped to IFSC UTIB0001371 on the RBI payments network. The branch generally supports the full retail product catalogue of Axis Bank, including:

• Resident savings accounts and salary accounts
• Current accounts for businesses and professionals
• Fixed deposits, recurring deposits and tax-saver deposits
• Demand drafts, banker's cheques and pay orders
• Retail loans — personal, vehicle, education, gold and home
• Credit cards and overdraft facilities (subject to eligibility)
• Third-party investment products such as mutual funds and insurance (through tie-ups)

Whichever product you choose, the IFSC for incoming credits remains UTIB0001371.

Products and services

Customers walking into the Taroda Naka, Nanded branch can access most of Axis Bank's standard product suite, including:

• Account opening – savings, current, NRI, salary
• Term deposits and recurring deposits
• Retail and small-business loans
• Insurance and mutual-fund tie-ups
• Locker, safe deposit and ATM card services
• Online and mobile banking activation
• Electronic transfers via IFSC UTIB0001371

MICR code & cheque clearing

Apart from IFSC, every cheque book issued by Axis Bank carries a 9-digit MICR (Magnetic Ink Character Recognition) code that is read by cheque-sorting machines. The MICR code, the IFSC UTIB0001371 and the account number together uniquely identify the Taroda Naka, Nanded branch and your account. The MICR for this branch is printed at the bottom of your cheque leaves.

Digital banking channels

Most day-to-day work that customers used to do at the Taroda Naka, Nanded branch counter can now be completed digitally — adding a beneficiary, transferring funds, applying for a fixed deposit, raising a service request or downloading account statements. The IFSC UTIB0001371 is the link between the digital channel and the branch ledger; once a transaction is confirmed, the credit or debit is reflected in the same core banking system that the branch officers see.

Things to verify before sending money

Banking errors are usually small typos that snowball into delayed credits and customer-care follow-ups. Use this short checklist before you confirm any transfer to Axis Bank – TARODA NAKA, NANDED:

• The IFSC is exactly UTIB0001371 with no extra spaces.
• The beneficiary's account number matches what they shared, digit for digit.
• The portal auto-fills Axis Bank as the bank name and TARODA NAKA, NANDED as the branch.
• The amount and the purpose of payment are correct.
• You have a valid OTP-verifying mobile number on hand.

A 30-second review here saves hours of reconciliation later.

How to reach the Taroda Naka, Nanded branch

The branch is located at GROUND FLOOR, MILLENNIUM TOWER - B,NANDED MALEGAON ROAD, NEAR TARODA NAKA, NANDED,MAHARASHTRA , PIN431605., which puts it inside Taroda Khurd, the broader Nanded district, and the state of Maharashtra. To plan your visit:

1. Open Google Maps on your phone and search for “Axis Bank Taroda Naka, Nanded branch” — the verified location pin for IFSC UTIB0001371 should appear at the top of the results.
2. Confirm the branch is open by calling the branch contact number before stepping out, especially around public holidays.
3. Carry photo ID and any account-related documents you may need for the transaction you plan to do.

Most banking work — passbook updates, fund transfers, statement downloads — can also be completed online without visiting the branch in person, as long as you know the IFSC UTIB0001371 and your account number.

Verifying IFSC UTIB0001371 from official sources

The IFSC listed on this page is sourced from the RBI's master list and validated against the bank's branch directory. To double-check before transferring large sums, you can also confirm UTIB0001371 by:

• Looking at the cheque leaf – IFSC is printed near the MICR band.
• Opening the passbook's first page.
• Calling the branch directly on the branch contact number.
• Visiting the bank's official branch locator page.

Working hours

Branch counters at Taroda Naka, Nanded are usually open from 10 AM to 4 PM on weekdays. Saturdays follow the RBI's alternate-Saturday rule. Even when the branch is closed, NEFT, RTGS, IMPS and UPI transfers addressed to UTIB0001371 continue to work without interruption.

Branch address & contact

Frequently asked questions

Summary

The IFSC code UTIB0001371 belongs to Axis Bank's TARODA NAKA, NANDED branch, located at GROUND FLOOR, MILLENNIUM TOWER - B,NANDED MALEGAON ROAD, NEAR TARODA NAKA,… in TARODA KHURD, MAHARASHTRA. Use this code along with the beneficiary's account number for any NEFT, RTGS or IMPS transfer to this branch. Bookmark this page for quick reference whenever you need the branch's banking details.